Hico, TX is a small town located in Hamilton County with a population slightly over 1,000 people. It is known for its friendly culture and tightknit community. Some of the local businesses include Texaco, Hico Feed Store, and Gum Springs Grocery Store. The median household income in Hico is $33,125 compared to the US average of $59,039. The cost of living index in Hico is 94 which is lower than the US average of 100. Renting a two bedroom home in Hico costs an average of $870 while that same rental will cost $1,430 nationally. All things considered, Hico is an affordable place to live for those who want to enjoy its unique small-town culture.
Hico has an unemployment rate of 4.9%. The US average is 6.0%.
Hico has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 34.6%, which is higher than the US average of 33.5%.
Tax Rates for Hico
- The Sales Tax Rate for Hico is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Hico is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Hico
- The average income of a Hico resident is $19,282 a year. The US average is $28,555 a year.
- The Median household income of a Hico resident is $32,813 a year. The US average is $69,021 a year.